Joshinvent:
Good afternoon! Please am new on NSE. Although I downloaded trove 2 weeks ago, but I don't know if I should continue with it. Please EXPERT here, help me shed more light on the app. And am having issues on how to set the duration on the application. God bless you

YesWeCan11:


Is it possible to make changes to your orders online or to cancel it on meritrade without sending emails?

sky2891:

Qualification date please

OBAGADAFFI:


Trove is good, if you don't have up to 50k to open a Stockbroking account.

Trove also give you access to foreign stock.

But ......

1. Trove is not a Stockbroker, they work with other brokers(ARM).

2. With Trove you don't have a dedicated CSCS number, the broker (ARM) handle the CSCS.

3. Dividends will not be paid directly to you, it will go to the brokers account and the broker will share the dividends to everyone.

4. Your name is not on any company registrars .If you buy UBA stock on Trove, it is the brokers name that will be on the UBA registrars (Afriprud)

If you have 50K, I will advise you get a proper broker with your CSCS number.

DeRuggedProf:


This is a HUGE RED FLAG.
I wish I studied law.
So when you you get better issue, na app you go carry go Sue?

OBAGADAFFI:


Trove is good, if you don't have up to 50k to open a Stockbroking account.

Trove also give you access to foreign stock.

But ......

1. Trove is not a Stockbroker, they work with other brokers(ARM).

2. With Trove you don't have a dedicated CSCS number, the broker (ARM) handle the CSCS.

3. Dividends will not be paid directly to you, it will go to the brokers account and the broker will share the dividends to everyone.

4. Your name is not on any company registrars .If you buy UBA stock on Trove, it is the brokers name that will be on the UBA registrars (Afriprud)

If you have 50K, I will advise you get a proper broker with your CSCS number.

debeey87:
http://www.nse.com.ng/Financial_NewsDocs/29971_U_A_C_N__OF_NIGERIA_PLC._CORPORATE_ACTIONS_MAY_2020.pdf

maishai:
My Brother, thumbs up, Newbies should know that the name of this game is >THE DEVIL IS IN THE DETAILS|<........................

Its wise never to be in such a haste to collect your Profit .................. Learn the game by paying apt attention when veterans are recounting the Scars they have gotten from the Game.........

Im not discrediting Trove, its a good starting point but when you get serious with the game, you will know you need sharper tools....


LEARN LEARN AND NEVER STOP LEARNING

Joshinvent:
Good afternoon! Please am new on NSE. Although I downloaded trove 2 weeks ago, but I don't know if I should continue with it. Please EXPERT here, help me shed more light on the app. And am having issues on how to set the duration on the application. God bless you

OBAGADAFFI:


Trove is good, if you don't have up to 50k to open a Stockbroking account.

Trove also give you access to foreign stock.

But ......

1. Trove is not a Stockbroker, they work with other brokers(ARM).

2. With Trove you don't have a dedicated CSCS number, the broker (ARM) handle the CSCS.

3. Dividends will not be paid directly to you, it will go to the brokers account and the broker will share the dividends to everyone.

4. Your name is not on any company registrars .If you buy UBA stock on Trove, it is the brokers name that will be on the UBA registrars (Afriprud)

If you have 50K, I will advise you get a proper broker with your CSCS number.

gamaliel9:


What you wrote here is different from my experience with another app CHAKA..all the companies that paid me dividend, from Gilead to Altria, and recently AT&T,Verizon too,all of them paid my dividend straight to my wallet, then i exchanged them on the platform,then withdrew to my bank account. This is for US stocks
Then for local stocks, i dont buy there,i use Meritrade and ARM..but people buy Nigerian stocks, cscs and chn numbers are sent to them.. they now DOWNLOAD E DIVIDEND MANDATE from relevant registrars,fill and sign,stamped by their bankers and sent to registrars OR submit at their bank. Many have gotten their dividends this way. May be Trove is different.

DeRuggedProf:


This is a HUGE RED FLAG.
I wish I studied law.
So when you you get better issue, na app you go carry go Sue?

mails4funshi:
This is from Troves Help Centre:


Who owns the Stocks?
Are this assets even held in my name?

Written by Tomi
Updated over a week ago

You own the stocks through your account with Trove and DriveWealth.

DriveWealth manages the books and records and stocks are held in custody by ICBC Financial Services, New York.

Nigerian Securities are held in custody by ARM Securities or in your name depending on what you opt for during your on boarding process.

Uchetoba:
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSL8N2CP972

https://www.google.com/amp/s/thenationonlineng.net/uac-sets-july-date-to-divest-from-updc/amp/

https://www.thebizhub.ng/2020/05/11/uac-sets-july-date-to-divest-from-updc/

Uchetoba:
I took my time to post tree different links to this same news so that no one will come here tomorrow to tell us that they were not adequately informed that was why they miss the opportunity.

gamaliel9:


What you wrote here is different from my experience with another app CHAKA..all the companies that paid me dividend, from Gilead to Altria, and recently AT&T,Verizon too,all of them paid my dividend straight to my wallet, then i exchanged them on the platform,then withdrew to my bank account. This is for US stocks
Then for local stocks, i dont buy there,i use Meritrade and ARM..but people buy Nigerian stocks, cscs and chn numbers are sent to them.. they now DOWNLOAD E DIVIDEND MANDATE from relevant registrars,fill and sign,stamped by their bankers and sent to registrars OR submit at their bank. Many have gotten their dividends this way. May be Trove is different.

Uchetoba:
I will increase my holding today so that UACN will constitute the 99% of my portfolio from the current 96%.

Uchetoba:
I will increase my holding today so that UACN will constitute the 99% of my portfolio from the current 96%.

emmanuelewumi:



Why should my stocks be in the custody of ARM Securities, I need my CSCS and CHN, I should be able to monitor my stocks through CSCS online

PharmAlfred:
This page has been cold lately. The lull in the market is affecting everybody Abi.

May be sell in May is already happening.

@PeteRichy, what is OcTuPoS saying?

creategist:


Please I would like to ask, if I open two (or more) stockbroking account with different brokers, all in my name, will it be the same CHN & CSCS numbers I will maintain across all of them?

Uchetoba:
I will increase my holding today so that UACN will constitute the 99% of my portfolio from the current 96%.

creategist:


Please I would like to ask, if I open two (or more) stockbroking account with different brokers, all in my name, will it be the same CHN & CSCS numbers I will maintain across all of them?

OBAGADAFFI:


Ideally, dividends should be paid into your bank account, not your wallet.

creategist:


Please I would like to ask, if I open two (or more) stockbroking account with different brokers, all in my name, will it be the same CHN & CSCS numbers I will maintain across all of them?